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Mortgage Market Update
Suzanne Camp
Suzanne Camp
Tuesday, October 20, 2026
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Your loan type—and why it actually matters |
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Hi there. One of the most important decisions in a mortgage often gets the least explanation. Let me change that.
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National Mortgage Rates · October 16, 2026
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Conventional 30-Year
7.28%
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Source: Optimal Blue daily mortgage indices via FRED
Rates shown are national mortgage index rates and are provided for informational purposes only. Actual rates vary based on credit profile, loan amount, and market conditions. Please contact us for a personalized rate quote.
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Loan Program Basics
What your loan type really means for your wallet
Most people know they have a mortgage, but fewer understand which kind—and why it matters. Your loan program affects everything from your monthly payment to how long you'll be paying. Some programs offer flexibility if your situation changes; others lock things in from day one. Some come with more upfront costs but lower payments over time; others flip that equation. The right program depends on your timeline, your comfort with risk, and what you're trying to accomplish. Whether you're buying, refinancing, or just curious about what you're currently holding, understanding your loan type helps you make smarter decisions about your money. Let's talk about whether your current program still fits your life, or find the right one if you're starting fresh.
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Tip of the Week
Your loan officer can run a credit simulator to show exactly which actions will move your score the most.
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Tips for Homeowners
Year-End Tax & Mortgage Planning
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1.
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Consider making your January mortgage payment in December to get an extra month of deductible interest in the current tax year (consult your tax advisor first).
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2.
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If you plan to sell next year, now is a good time to document improvements — receipts and records add to your cost basis and reduce taxable capital gain at sale.
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3.
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Review your W-4 withholding if you bought a home this year — your mortgage interest deduction may mean you're having too much withheld from each paycheck.
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Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the Suzanne Camp team any time and we'll walk you through your options. |
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